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Iraq vs New Caledonia

Crypto regulation comparison

← Back to map | Iraq | New Caledonia
Iraq

Iraq

New Caledonia

New Caledonia

Banned
No Data

Iraq has banned cryptocurrency dealings. The Central Bank of Iraq issued a directive in 2017 prohibiting banks, financial institutions, and exchange companies from dealing in cryptocurrency. Despite the ban, some underground and peer-to-peer crypto trading reportedly persists.

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Tax Type Unclear
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining No No
Regulator CBI (Central Bank of Iraq)
Regulator -
Stablecoin Rules Not applicable; crypto activities prohibited
Stablecoin Rules -
Key Points
  • CBI banned all crypto dealings by financial institutions in 2017
  • Exchange companies are prohibited from handling cryptocurrency
  • No regulatory framework for crypto businesses
  • Underground and P2P crypto trading reportedly exists despite the ban
  • The ban is motivated by AML concerns and financial stability considerations
Key Points

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Sources
Sources

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